The Jalgaon-based irrigation major did not disclose the terms of the acquisition deal, including the acquisition price.

Jain Irrigation, which counts IFC among its investors, has had a series of acquisitions over the past few years to strengthen its position as an integrated player in the agriculture-irrigation market.

Founded in 2002 ETwater is a complete, cloud-based smart irrigation and sprinkler system that does intelligent, automated outdoor watering. ETwater open platform can be integrated into any existing or future building management systems.

ETwater patented technology integrates data science, machine learning and predictive analytics about weather forecast and environmental variables to automatically, optimally adjust site-specific irrigation schedules. Connecting over the internet ETwater smart controllers get their schedules through secure, cellular data networks, and users are able to remotely monitor and manage controllers from any mobile or smart device.

The acquired company has over a decade of experience working with the country’s largest businesses, municipalities, and communities to reduce and optimize water consumption. The company has a patent to centrally process big data to implement predictive watering schedules based on plant types, soil and slope conditions, and environmental factors.

“We’re very proud of the positive impact on outdoor water conservation we’ve had in the US market,” said Pat McIntyre, CEO ETwater, “and raising awareness to the necessity of irrigating in harmony with nature.

"Our customers, from Fortune 100 national retailers to conscientious single-family homeowners, entrust us with driving the automation of their water efficiency. We’ve kept their landscapes healthy and beautiful, while eliminating the waste, damages and costs that result from overwatering. The Jain acquisition will expand ETwater efficiencies throughout the US and now worldwide to become a gold standard in sustainable water management globally", he added.

ETwater is not the first acquisition in smart irrigation domain for Jain Irrigation in the US, which it considers a huge market.

“Jain is an early leader in the IoT for agriculture. ETwater will improve our position in agriculture and helps us make a bigger impact in reducing water waste in landscape irrigation,” said Jain Irrigation Inc President Aric Olson.

Water is one of the world’s gravest risks, according to the Global Risks Report published earlier this week at the World Economic Forum in Davos. And the situation is actually worse than it might seem at first glance.